Crypto Industry News & Market Trends

Memecoin traders praying for global hantavirus pandemic

Crypto traders are keeping their fingers crossed for another global pandemic amid predictions that an outbreak of hantavirus from a cruise ship could spur on a so-called “memecoin supercycle.”　　X user “@jeetassassin,” who features a badge of the Solana-based crypto exchange Moonshot on their account, claimed that the hantavirus “will spark another memecoin supercycle.”　　Hours later, Moonshot claimed that it had “verified” Pump Fun-created token hantavirus (HANTA), which features an AI-generated image of a virus and a rat, on its site.　　@jeetassassin was called a scammer for promoting a token that pumped and dumped within hours.　　Nansen CEO Alex Svanevik claimed that during the coronavirus (COVID-19) pandemic in 2020, it was the year of “DeFi summer.” Now hes proposing that the hantavirus could herald an “agentic summer.”　　Indeed, various other crypto users on X have noted that memecoin traders are praying for a potential pandemic so that their hantavirus-themed crypto holdings “go 100x.”　　One user noted, “memecoin traders want the world to go into a full on global pandemic so there $500 in ‘handavirus’ coin goes up.”　　Another memecoin trader brandishing a Pump Fun-affiliated badge asked, “What if the Hantavirus shuts down everything and we enter a memecoin supercycle.”　　Moonshot using the hantavirus to promote buying hantavirus-themed tokens

05-08Industry

NY Fed survey: US consumers see higher inflation, tighter credit

Finance　　NY Fed survey: US consumers see higher inflation, tighter credit　　The New York Federal Reserve (Fed) released its Survey of Consumer Expectations for April on Thursday, which showed that American households expect prices to rise in the short term. For the medium- to long-term horizon, inflation expectations were unchanged.　　The poll showed that inflation is expected to be 3.6% ahead over the next 12 months, up from Marchs 3.4%. For a three- and five-year period, expectations remained unchanged at 3.1% and 3%, respectively.　　The survey showed that households expect lower gas prices, following Marchs spike to 9.4%, tied to the energy shock suffered by the Iran war. Regarding personal finances, Americans held mixed views.　　In April, the New York Fed survey showed that households were uncertain about their finances and expected credit to be more difficult to obtain than in March.　　The survey revealed mixed expectations regarding hiring, earnings, and income. Respondents anticipate that unemployment will increase over the next year.

05-08Industry

Bitcoin Price Prediction as BTC Breaks $80,000 for First Time Since January, While Pepeto Could Be the Biggest Winner of This Cycle

Bitcoin　　Bitcoin Price Prediction as BTC Breaks $80,000 for First Time Since January, While Pepeto Could Be the Biggest Winner of This Cycle　　The post Bitcoin Price Prediction as BTC Breaks $80,000 for First Time Since January, While Pepeto Could Be the Biggest Winner of This Cycle appeared first on Coinpedia Fintech News　　The Bitcoin price prediction turned bullish on May 4 after BTC broke above $80,000 for the first time since January, driven by the Iran peace proposal that sent Brent crude down to $107, according to Finance Magnates. April ETF inflows reached $2.44 billion, the strongest month since October 2025, and whale wallets grew by 142 addresses while retail sold into fear.　　The Bitcoin price prediction now targets $92,000 to $150,000 as the bull market support band turns green for the first time in six months. But the traders set for the real gains are entering Pepeto at $9.89M raised with exchange tools already running, because one listing event delivers more than the Bitcoin price prediction gives BTC holders in a year.　　BTC Tops $80,000 as Iran Peace Proposal Sends Oil Lower and Risk Assets Higher　　Finance Magnates reported Bitcoin hit $80,393 on May 4 after Iran sent a 14 point peace proposal to

05-08Industry

South Korea Confirms Crypto Tax Rollout Despite Growing Backlash

Crypto　　South Korea Confirms Crypto Tax Rollout Despite Growing BacklashSouth Korea confirmed crypto tax rules will begin in January 2027 despite criticism.Lawmakers say 22% crypto tax creates unequal treatment as stock gains remain untaxed.Tax experts said South Korea lacks clear crypto reporting and loss deduction systems.　　South Koreas Ministry of Economy and Finance confirmed that the country will move forward with virtual asset taxation beginning in January 2027, despite growing criticism from lawmakers, tax experts, and industry participants over tax equity and infrastructure readiness.　　The confirmation marks the ministry‘s first public statement on the implementation timeline following multiple delays in recent years. Officials said the National Tax Service (NTS) is currently finalizing operational guidelines while coordinating technical preparations with the country’s five largest cryptocurrency exchanges.　　Finance Ministry Moves Ahead With Tax Framework　　Moon Kyung-ho, director of the ministrys Income Tax Division, said the NTS is preparing a detailed taxation framework that will soon enter the legislative pre-announcement stage. According to local reports, the agency has been holding discussions with Dunamu, Bithumb, Coinone, Korbit, and Gopax to coordinate reporting systems and implementation procedures ahead of the planned launch.　　The update came as South Koreas National Assembly also approved amendments to the Foreign Exchange Transactions Act that formally

05-08Industry

Fomoin Partners with Catto Verse to Advance AI-Powered Web3 Innovation

Fomoin, a famous Web3 launchpad, has collaborated with Catto Verse, a feline-themed decentralized AI platform for Web3 market intelligence and automation. The partnership aims to incorporate AI-led crypto instruments and enhance consumer experiences across both networks. As per Fomoins official X announcement, the development will shortly unveil unique integrations, utility-led developments, community campaigns, and new integrations. Additionally, the move underscores the rising convergence of blockchain technology and AI within the wider Web3 market.　　Catto Verse and Fomoin Partner to Broaden Web3 Innovation with AI Integration　　The partnership between Catto Verse and Fomoin denotes a key step toward unveiling unique opportunities for the communities of both entities. This takes into account the integration of AI-powered crypto instruments to streamline the user experience. So, the development is poised to drive solid engagement along with broadening the practical use cases of AI-led blockchain solutions. Amid the intensifying competition across the Web3 world, partnerships dealing with intuitive systems and automation are playing a key role in advancing growth strategies focusing on crypto-centered projects.　　Apart from that, Catto Verse has reportedly gained wider attention within the crypto landscape, with a focus on AI integration. The platform reportedly has an ecosystem of twelve interlinked feline AI agents. Each of

05-08Industry

Crypto News: BNY Mellon⁠ Brings Bitcoin, Ethereum Custody to Abu Dhabi

With this partnership, the financial giant intends to develop a regulated digital asset infrastructure in Abu Dhabi. The initiative plans to operate through Abu Dhabi Global Market (ADGM). ADGM is the emirates financial free zone that has quickly become a leading destination for crypto companies and blockchain projects entering the Middle East.　　Commenting on the crypto news, BNYs Hani Kablawi noted, “The UAE is entering a new phase of financial development, characterized by deeper markets, greater digital sophistication and stronger global connectivity.” He added that the move intends to “connect traditional and digital financial ecosystems.”　　Begins with BTC and ETH, Expands to Stablecoins and Tokenization　　As per the crypto news, BNY Mellons digital asset initiative in Abu Dhabi will begin with Bitcoin crypto and Ethereum. This means the bank will initially provide custody services for major cryptocurrencies such as BTC and ETH. Thus, institutional clients can securely store and manage their cryptos through a regulated infrastructure backed by BNY Mellon and its local partners.　　Interestingly, the bank also revealed that it plans to gradually expand the offering beyond cryptocurrencies. It aims to expand into areas like stablecoins and tokenized assets. This reflects the growing demand for blockchain-based financial products.　　The plan comes as more institutions

05-08Industry

Bithumb, SSI Digital Target Vietnam’s Tight Crypto Pilot

Competition for licenses is already intensifying. A Finance Ministry document cited by Reuters in March said five firms, including affiliates of private banks Techcombank, VPBank and LPBank, along with broker VIX Securities and conglomerate Sun Group, have already cleared an initial qualification round.　　One of the most advanced bids is VPBank-linked CAEX, which secured backing from OKX Ventures and HashKey Capital in April to help meet Vietnam‘s minimum charter capital threshold for the pilot. Bithumb’s Vietnamese partner, SSI Securities, is one of the countrys largest brokers and set up SSI Digital Technology JSC to spearhead its push into digital assets in 2022. Vietnam was ranked fourth in global crypto adoption in 2025 by blockchain forensics firm Chainalysis.　　According to Bithumbs press statement, the company and SSID plan to collaborate across exchange technology, wallet and custody systems, security and risk management, regulatory support and institutional business development. No timeline has been given for a formal license application or final investment decision, and Vietnam has not yet approved any fully licensed crypto exchange under the pilot.　　Cointelegraph reached out to Bithumb for comment but had not received a response by publication.　　Korea headwinds raise stakes　　The expansion plan comes as Bithumb faces heightened scrutiny in its home

05-08Industry

Ethereum News: ETH Stalls at $2,400 as Altcoin Correlation Hits

ETH USD has been unable to clear $2,400 for three consecutive months, logging a year-to-date loss of -21% against an -11% decline in total crypto market cap, underperformance that places Ethereum news squarely in focus for institutional holders reassessing the assets trajectory.　　The stall has coincided with ETH‘s 90-day price correlation with top-cap altcoins reaching 0.85 in early May 2025, per data tracked by CryptoRank, the highest reading since November 2024’s bear-market lows.　　The ETH price analysis here is structurally more complex than a simple resistance failure. When ETHs correlation with assets like SOL and LINK compresses this tightly, it signals that the market is not differentiating on fundamentals; it is pricing altcoins as a monolithic risk basket.　　The question that framing raises is whether the correlation peak represents a temporary ceiling imposed by macro conditions, or a structural condition embedded in how capital is currently rotating through the digital asset complex.　　(SOURCE: TradingView)　　RELATED: Ethereum Open Interest Jumps 26% as Traders Return to ETH　　Ethereum News: Can ETH Break $2,400 or Will it Breakdown Once More？　　The mechanism operates as follows: when ETH‘s correlation with the broader altcoin market rises, individual asset price discovery fails. Capital isn’t rotating from Bitcoin to Ethereum and then down to

05-08Ethereum

Ethereum price prediction: ETH holds near $2,350 as markets eye grind higher into 2026

Ethereum is trading around $2,350 today with a live market cap near $281 billion and more than $20 billion in 24‑hour volume, sitting far below its $4,955 all‑time high but well above the sub‑$1,000 lows of the last bear market.Ethereum is trading around $2,350 today, with a live market cap near $281 billion and 24-hour volume above $10 billion.Most models cluster 2026 expectations in a $2,200–$3,000 band, with base-case targets around $2,750–$2,800 by year-end.Forecast dispersion is wide, however, with long-term institutional scenarios still pointing to $4,000–$7,000-plus if ETF flows and on-chain usage accelerate.　　Ethereum (ETH) is changing hands near $2,350 on May 7, 2026, with CoinMarketCap putting the live price at about $2,349 per ETH and a 24-hour decline of roughly 2.5%. That level gives ETH a market capitalization of about $281.5 billion, securing its position as the second-largest crypto asset behind bitcoin, with a circulating supply just over 120 million ETH. Data compiled by eToro similarly shows a spot price of $2,352.96, a market cap of roughly $283.8 billion and a 24-hour trading volume of $22.8 billion, underlining the assets deep liquidity and still-central role in the broader ecosystem.　　ETH price today and market snapshot　　Historical prints from Yahoo Finance indicate that

05-08Ethereum

Ethereum Price Prediction: ETH Faces Key $2,400 Breakout Test

Ethereum is stuck between short-term weakness and a larger bullish setup, as ETH failed again near $2,400 while another chart points to a possible long-term move toward $4,900 and $8,300. The next move now depends on whether buyers can reclaim resistance or whether weak spot demand pushes ETH back toward support.　　Ethereum Price Fails at $2,400 as Weak Spot Demand Keeps ETH Under Pressure　　Ethereum failed again to hold above the $2,400 level, keeping ETH price under pressure on the daily chart shared by Ted on X.　　The ETH/USDT chart shows Ethereum trading near $2,336 after another rejection around the $2,400 resistance zone. The level has acted as a key barrier since April, with buyers failing several times to turn it into support.　　Ethereum Price Resistance Chart. Source:　　The chart shows the main resistance area between about $2,400 and $2,430. ETH needs a clean daily close above that zone to open the way toward the next marked level near $2,624. If buyers push price above that line, the chart points to a possible move toward the $2,740 to $2,800 area.　　However, Ted said spot demand remains weak. That matters because weak spot buying often limits follow-through after short rallies. In this case, Ethereum moved higher from

05-08Ethereum

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